Scoop has an Ethical Paywall
BusinessDesk
Independent, Trustworthy New Zealand Business News
The Wellington-based BusinessDesk team provides a daily news feed for a serious business audience.
BusinessDesk - Latest News [Page 1302]
Solid Energy's Southland land holdings under review
Friday, 31 August 2012, 3:21 pm | BusinessDesk
Aug. 31 (BusinessDesk) - Solid Energy will review its massive land holdings in Southland as part of decisions due by the end of the year on its plans to develop new industries from lignite, a low grade coal the state-owned coal miner says could be used to make ... More >>
CORRECT: BLIS forecasts wider 2013 loss, to raise capital
Friday, 31 August 2012, 2:55 pm | BusinessDesk
Aug. 31 (BusinessDesk) - BLIS Technologies, the NZX-listed biotechnology company, widened its forecast 2013 loss and launched a share purchase plan and placement in a bid to raise up to $1.5 million. More >>
COMMENT: No capex for Solid Energy's next big adventures yet
Friday, 31 August 2012, 2:11 pm | BusinessDesk
Aug. 31 (BusinessDesk) - Solid Energy may have said it's going to develop its carbon-rich lignite fields and get into underground coal gasification, but nothing in its apocalyptic announcements this week say the state-owned coal miner will be allowed to. More >>
BLIS forecasts wider 2013 loss, seeks to raise capital
Friday, 31 August 2012, 12:34 pm | BusinessDesk
Aug 31 (BusinessDesk) - BLIS Technologies, the NZX-listed biotechnology company, widened its forecast 2013 loss and launched a share purchase plan and placement to raise up to $1.5 million. More >>
MYOB looks at Trade Me integration
Friday, 31 August 2012, 12:19 pm | BusinessDesk
Aug. 31 (BusinessDesk) - MYOB, the payment solutions software firm, is looking at ways to integrate its services with online auction site Trade Me as it works to build an easily accessible e-commerce community. More >>
MIDDAY UPDATE: Solid Energy has $40M loss on writedowns
Friday, 31 August 2012, 11:59 am | BusinessDesk
Aug. 31 (BusinessDesk) - Writedowns on the value of its underground coal mines, renewable energy projects and experimental underground coal seam gas plant have pushed Solid Energy to a $40.2 million loss, although underlying earnings after tax were 16 percent ... More >>
Writedowns push Solid Energy to $40 million loss
Friday, 31 August 2012, 11:32 am | BusinessDesk
Aug. 31 (BusinessDesk) - Writedowns on the value of its underground coal mines, renewable energy projects and experimental underground coal seam gas plant have pushed Solid Energy to a $40.2 million loss, although underlying earnings after tax were 16 percent ... More >>
Money Week urges kiwis to sort out their finances
Friday, 31 August 2012, 10:30 am | BusinessDesk
Aug. 31 (BusinessDesk) - New Zealand's first ever Money Week kicks off this Sunday, an initiative by the Commission for Financial Literacy and Retirement Income which encourages kiwis to spring clean their finances and manage their money a little better. More >>
Postie Plus FY sales fall 4.4% on sale of Babycity
Friday, 31 August 2012, 10:15 am | BusinessDesk
Aug. 31 (BusinessDesk) - Postie Plus Group reported a 4.4 percent decline in full-year sales after selling its Babycity chain and maintaining little changed revenue at its Postie clothing outlets. More >>
Xero doubles employees, seeks 100 more
Friday, 31 August 2012, 9:50 am | BusinessDesk
Aug 31 (BusinessDesk) - Xero, the cloud-based accounting platform provider, has doubled its employees, hiring 128 new staff in the calendar year and is seeking 100 more. More >>
Bollard says WTO could have oversight role in forex markets
Friday, 31 August 2012, 8:49 am | BusinessDesk
Aug. 30 (BusinessDesk) - The World Trade Organisation could be a global oversight body to improve international practices for foreign exchange as the unorthodox monetary policies in the world's biggest economies creates market uncertainty, says Reserve ... More >>
NZ dollar falls as stimulus hopes fade ahead of Jackson Hole
Friday, 31 August 2012, 8:25 am | BusinessDesk
Aug. 31 (BusinessDesk) - The New Zealand dollar fell as hopes fade the Federal Reserve will reveal fresh details of monetary stimulus and Spain delays asking for a bailout ahead of the central bank summit at Jackson Hole, Wyoming. More >>
While you were sleeping: More signs of weakness
Friday, 31 August 2012, 7:32 am | BusinessDesk
August 31 (BusinessDesk) – Stocks on both sides of the Atlantic fell amid further signs of economic struggle in Japan and Europe and as hopes for an immediate boost from the US Federal Reserve fade. More >>
Govt settles Maori water claim ahead of MRP decision
Thursday, 30 August 2012, 6:31 pm | BusinessDesk
Aug 30 (BusinessDesk) - The government has agreed a path to settling a major Maori water claim, relating to the Whanganui River, in the rohe or tribal area of the co-leader of the Maori Party, Tariana Turia. More >>
MARKET CLOSE: NZ shares rise, led by Air NZ
Thursday, 30 August 2012, 5:48 pm | BusinessDesk
Aug. 30 (BusinessDesk) - New Zealand shares rose, led by Air New Zealand after its full-year profit beat estimates and the airline forecast earnings to double in 2013. Auckland Airport fell after its annual profit climbed 15 percent. More >>
NZ dollar gains vs. A$ on 'lucky country' doubts
Thursday, 30 August 2012, 5:40 pm | BusinessDesk
Aug. 30 (BusinessDesk) - The New Zealand dollar gained against its Australian counterpart as new building approvals across the Tasman sank, adding to fears the mining boom may be coming to an end. More >>
NZ business confidence lifts as spring looms
Thursday, 30 August 2012, 1:55 pm | BusinessDesk
Aug. 30 (BusinessDesk) - New Zealand business confidence rose in August, as construction investment intentions bounced back and firms began feeling a seasonal uplift as spring looms. More >>
Treasury picks brokers, banks for retail part of asset sales
Thursday, 30 August 2012, 12:11 pm | BusinessDesk
Aug. 30 (BusinessDesk) - The Treasury has named all of the major broking firms and biggest banks to run the retail investor component of the government's plan to sell down stakes in its energy companies. More >>
MIDDAY UPDATE: Air NZ shares rise as profit beats estimates
Thursday, 30 August 2012, 11:59 am | BusinessDesk
Aug. 30 (BusinessDesk) - Air New Zealand shares rose to a nine-month high after the national carrier slated for a government selldown beat estimates with a 12 percent drop in annual profit, while forecasting pretax earnings to more than double in 2013. More >>
NZ July building consents rise to highest level in 5 years
Thursday, 30 August 2012, 11:42 am | BusinessDesk
Aug. 30 (BusinessDesk) - New Zealand's July home building consents rose to the highest level for that month in five years, led by an increase in apartments climbing to their highest level since May 2009. More >>
